Failure Begets Failure: Dow Ticks Up 28 Points as Market Waits on TrumpCare Vote

Stocks are ticking up today as the market waits for the results of the House of Representatives' vote on President Donald J. Trump's health-care plan today . The S&P 500 has risen 0.2% to 2,352.81 at 10:45 a.m. today, while the Dow Jones Industrial Average has ticked up 27.71 points, or 0.1%, to 20,689.01. The Nasdaq Composite has gained 0.2% to 5,830.61. Why is the health-care vote so important? Because the market apparently believes that a rejection of TrumpCare could make it harder to pass the President's growth-boosting measures as well. In fact, KBW's Brian Gardner and Michael Michaud argue that "success begets success and failure begets failure." They explain: